Financial solutions

Innovative & Robust IT Solution for Finance Services

Challenges Facing by the Financial Sector

Banks, insurance agencies & other financial services, all are going through turmoil. The pressure of improving services, competing competitors and self-competition have made them restless. Just like the world of retail, customers are expecting finance services to be more personal and caring every time.

Personalization

Customers are looking for a tailored solution, just like they expect to order their own favorite dishes at their favorite restaurant. But plenty of financial institutions are failed to provide the personalized services what customers really want. According to researchers, today's young generation don't want to waste their time in a queue waiting for their number to open their bank account, transfer money, understanding a new scheme, taking advice for investors and many more. Personalization in the financial division stands for convenience, saving of time & flexibility.

Going the Extra Mile

Complaints from consumers with their financial institution are continuously growing. Uninterrupted customer care services and action without getting delay can create a chain of happy customers. Unfortunately, many customers face a long queue over the phone to talk to the CCE team of banks. On the other hand, the poor online connection of the financial institutions causing a delay in receiving and sending emails, online live chat and resolving things technically. How will be the extra mile expectation of clients fulfilled?

Poor File Management

File management can't be overlooked. Poor records management can lead to incomprehensible and messy workplaces, irritable employees and unsatisfied clients. It will suck up unnecessary time and cause unnecessary stress. Many financial institutions are still working in a traditional style. They are still believing in keeping records on paper, so the stack of paperwork occupying space, making cabinets messy, making sharing and disseminating files cumbersome and increasing the risk of losing important data. Fortunately, banks and insurance agencies are moving to the digital world, but many of them have no special facilities to protect sensitive data from corruption and leaking. They are unaware of the advanced VDI technology.

Digitalization & Its Benefits to the Financial Institution

Banks, Insurance & Other financial institutions are experiencing unprecedented changes as it is moving towards digitalization. Less paperwork, integrated work culture, fast services, safety and convenience to not only customers but also the employees of the finance division are experiencing since the technology has been introduced in the sector.

  • Digitalization in the banking and insurance sector have impacted their work style. Now, every finance company is using computers. They are depended on their systems to store and maintain records. Now, paperwork management is replacing with storing data in the server or digital files.
  • The constant technological change and the emergence of new paradigms improving finance businesses. SMS banking and then e-banking are breaking all the records of advanced digitalization. The massive assimilation of smartphones and other smart devices in our everyday life have given the financial institution the opportunity to stay connected with their customers. The convergence of Web2.0 is resolving FAQs of customers and building a happy client relationship. Moreover, the Web3.0 has been launched which can promote access to all valuable information related to a policy and any financially related topic without using traditional browsers. Isn't it exciting?
  • These changing paradigms are impacting on customer's habits. They are now more demanding and the online electronic transaction is the result of this demand. Now, consumers can transfer money at any time and easily check the balance.
Why Choose Medley India for Financial Solutions

As the sector is moving to digitalization, challenges and expectations are growing. Medley India Info Solution is with you to make your organization safe, user-friendly and competitive by providing comprehensive IT services.

Remote Desktop Protocol with Outstanding Hardware Support Using Thin and Fat Client

Our RDP is a stateless and fanless desktop terminal which is a PC replacement technology to help customers to access any virtual desktop. We manage to provide cost-effective Virtual Desktop Infrastructure to your organization. Sensitive data is protected and managed efficiently. We know how the banking and insurance sectors invest much in a desktop solution. Our technology resolves the hardware problem.

Safety of Your Data with Software & Surveillance

It is challenging to protect data from corruption and hacking. Our powerful software and surveillance solution will keep your data protected. Document management software, Microsoft products and Asset management programs are suggested to keep the data intact. High-quality camera, digital data recorders, and server-based surveillance through DVR technology can keep your in-house environment safe and sound.

Cloud Data Storage

What will happen if the system crashed? You will lose important records. To avoid the problem, Medley offers smooth Cloud storage services where the files stored in the cloud. They are easily accessible from anywhere and the storage option can be maximized.

Uninterrupted Networking

A to Z networking services of us will make your in-house working environment smooth. No file will be stuck due to bad server connection. The system networking helps your business grow, improves storage efficiency, cut costs on software, secure data and make data sharing fast.

We have improved and latest version IT solutions to make your financial institution robust and safe.


CUSTOMER – Kodungallur Town Co-operative Bank (KTC)

YEAR – 2002

SOLUTION PROVIDED –
VXL ‘Itona’ thin clients

CHALLENGES FACED BY THE CUSTOMER –
The KTC Bank was concerned about maintaining its excellent customer service. In particular, business operations were beginning to be affected by the aging desktop PC hardware due to product reliability and the high cost of maintenance. Furthermore, support for the bank’s growing number of branches, 17 to date, was also under strain, leading the KTC Bank to recognise the need for a reliable and class-leading, server based I.T. infrastructure. One that not only made economic sense, but was also scalable, offered centralised and remote management as well as excellent security.

BENEFITS THE CUSTOMER GAINED –
KTC Bank were interested in processing power, low power consumption and connectivity, eventually choosing VXL ‘Itona’ range of desktop thin clients, including the TC43, 65 and 67 series with WES 7 operating system. Importantly, the switch to VXL thin clients as opposed to traditional PC desktops also had a beneficial effect on the company’s annual IT capital and maintenance expenditure and due to thin client’s lower power consumption, also ensured greater environmental benefits.
CUSTOMER – Kodungallur Town Co-operative Bank (KTC)

YEAR – 2002

SOLUTION PROVIDED –
VXL ‘Itona’ thin clients

CHALLENGES FACED BY THE CUSTOMER –
The KTC Bank was concerned about maintaining its excellent customer service. In particular, business operations were beginning to be affected by the aging desktop PC hardware due to product reliability and the high cost of maintenance. Furthermore, support for the bank’s growing number of branches, 17 to date, was also under strain, leading the KTC Bank to recognise the need for a reliable and class-leading, server based I.T. infrastructure. One that not only made economic sense, but was also scalable, offered centralised and remote management as well as excellent security.

BENEFITS THE CUSTOMER GAINED –
KTC Bank were interested in processing power, low power consumption and connectivity, eventually choosing VXL ‘Itona’ range of desktop thin clients, including the TC43, 65 and 67 series with WES 7 operating system. Importantly, the switch to VXL thin clients as opposed to traditional PC desktops also had a beneficial effect on the company’s annual IT capital and maintenance expenditure and due to thin client’s lower power consumption, also ensured greater environmental benefits.
CUSTOMER – Anglia Co-operative Society

YEAR – 2001

SOLUTION PROVIDED – VXL Itona thin client

CHALLENGES FACED BY THE CUSTOMER –
The company faced a number of challenges regarding the effective movement of information to the point of need. Whilst the Society had an efficient AS/400 environment, it recognised the need to move away from expensive, unreliable and insecure PC’s as the desktop client. These were proving to be a major drain on scarce I.T. resource as reconfiguring or relocation required an on-site visit.

BENEFITS THE CUSTOMER GAINED –
The VXL Itona was a clear winner. The unit is reasonably priced, has no moving parts and has a powerful inbuilt wireless adapter. Processing power, storage capacity and memory were all reviewed and a custom configuration created. The Itona thin client meets all of desktop requirements and they have deployed them in all areas of business from central administration and retail outlets through to warehouses and funeral homes. This suits everyone as they do not have to wait for an IT representative to visit their site to carry out re-cabling or re-patching.

Sand Martin Consultants Pvt. Ltd.



YEAR –2011

SOLUTION PROVIDED –

Vxl Itona

Quantity:200

CHALLENGES FACED BY THE CUSTOMER –

Facing a number of IT challenges caused by an aging IT infrastructure, the Sand Martin Consultants was concerned about maintaining its excellent customer service.



Problems are -
  • Aging desktop PC hardware
  • Product reliability
  • High cost of maintenance.
  • Need for reliable and class-leading, server based I.T. infrastructure.
  • Scalable and offered centralised
  • Remote management and excellent security.


BENEFITS THE CUSTOMER GAINED –

Aware of VXL’s reputation for leading thin client hardware and industry knowledge of desktop virtualisation, Sand Martin Consultants contacted Medley to undertake an evaluation of suitable thin clients that not only fulfilled its latest requirements but also those in the future.



Benefits are:

  • Processing power
  • Connectivity
  • Low power consumption
  • Reduction of maintenance
  • Data was secure
  • Lost of power reduction
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CUSTOMER – Santana Row

YEAR – 2016

SOLUTION PROVIDED –
Cisco Connected Mobile Experiences (CMX) Cloud

CHALLENGES FACED BY THE CUSTOMER –
  • Connect and engage with customers
  • Discover valuable insights with Wi-Fi and location analytics
  • Increase revenue opportunities for Santana Row retailers


BENEFITS THE CUSTOMER GAINED –
  • Securely and seamlessly connects customers to the network
  • Improved Wi-Fi access everywhere
  • Access to real-time insights about visitors to Santana Row properties
CUSTOMER – Bank Simpanan Nasional

YEAR – 2016

SOLUTION PROVIDED – Virtual teller machines enabled with Cisco

CHALLENGES FACED BY THE CUSTOMER –
  • Balance profitability, sustainability, and regulation needs
  • Attract new customers
  • Improve productivity and cost-efficiency


BENEFITS THE CUSTOMER GAINED –
BSN can now achieve that vision faster thanks to the groundbreaking virtual teller machine (VTM). This offers customers’ shorter queue times at any branch, whether it’s rural or urban, because the bank can deploy shared teller resources quickly and efficiently between sites. Delivered as an end-to-end solution VTMs are enabled with video and audio, with scanners and signature pads for secure transactions. Benefits -
  • Developed new channel to help attract and retain customers
  • Identified cost-effective way to grow retail-banking footprint
  • Enhanced customer experience with shorter wait times
CUSTOMER – Santana Row

YEAR – 2016

SOLUTION PROVIDED –
Cisco Connected Mobile Experiences (CMX) Cloud

CHALLENGES FACED BY THE CUSTOMER –
  • Connect and engage with customers
  • Discover valuable insights with Wi-Fi and location analytics
  • Increase revenue opportunities for Santana Row retailers


BENEFITS THE CUSTOMER GAINED –
  • Securely and seamlessly connects customers to the network
  • Improved Wi-Fi access everywhere
  • Access to real-time insights about visitors to Santana Row properties
Principle in India

Customer –TransUnion CIBIL

Industry type –financial

Year -2000

Solution provided –Netmagic’s collocation and managed services

Challenges faced by the customer
  • Needed a single service provider to offer the services, and avoid managing multiple vendors
  • The data center setup was unreliable with high downtime
  • Lack of in-house resources
  • Escalating costs to manage IT


Solution provided
  • Co-located production and DR environments at separate Netmagic data centers
  • Management of OS (Windows, Linux, HPUX), DB (Oracle, MSSQL), networking infrastructure
  • Opted for Disaster Recovery-as-a-Service, SOC, CNAM and WAF
  • Deployed Private Cloud on RHEV & VMware
  • Infra-manage - OS Windows, Linux, HPUX


Benefits
  • Ease of management with a single window to monitor their entire IT infrastructure – network, servers, application, availability and performance
  • Gained infrastructure and network scalability to support growth
  • Higher availability and reliability with 99.99% uptime and N+1 redundancy
Customer – Thomson Reuters

Industry type – Banking and financial services

Year – 2010

Solution provided – Netmagic’s colocation and managed hosting services

Challenges faced by the customer
  • Thomson Reuters launched Elektron, an ultra-high speed network and hosting environment, that enables financial firms to access and share information faster and cost effectively in India.
  • They wanted an accessible IT infrastructure that was ‘carrier neutral’, and had direct connectivity with Bombay Stock Exchange (BSE).
  • It was crucial for Thomson Reuter customer’s to have access to market data faster in order to drive efficient trading.


Solution provided
  • Data Center Services IDC & Managed Hosting – Colocation, Ethernet, Firewall, Switch, Domain Name
  • Infrastructure Management Services InfraManage, InfraMonitor.


Benefits
  • News content is accessed by Thomson Reuters’ Customers over 300 trading venues worldwide, with direct feed from Indian cash equities market
  • Completely managed solution to enable Thomson Reuters’ customers to focus on their core business activities
  • Low latency connectivity and faster access to BSE feeds and other markets in the Elektron network enabled high frequency trading (HFT) for Thomson Reuters’ customers
  • Faster time-to-market with a lower total cost of ownership (TCO) as a result of reduced infrastructure and maintenance costs for Thomson Reuters’ customers

Canara HSBC Oriental Bank of Commerce



YEAR – 2014

SOLUTION PROVIDED –

Accops Propalms TSE Software



Quantity: 50

CHALLENGES FACED BY THE CUSTOMER –

The bank needed to upgrade its entire application infrastructure, including cost of redevelopment of its core applications, which could cost the bank huge amount. The problems are:

  • Outdated technology.
  • Avoiding IT Transformation.
  • Application aging and Application Dependency.


BENEFITS THE CUSTOMER GAINED –

Accops team delivered the functionality with the TSE solution. TSE enabled the bank to continue to deliver the applications without cost of application redevelopment. The expansion license cost also reduced significantly with TSE solution. Canara HSBC Bank also adopted Accops HySecure and HyID solution to provide secure remote access to data center for their IT team, which resulted in faster resolution of support issues.

Sand martin Consultants



YEAR –2017

SOLUTION PROVIDED –

Cyber Security/Forensics: Data resolve’s inDefend Business



Number of License: 300

CHALLENGES FACED BY THE CUSTOMER –

To have a working environment with a flexibility to access and leverage assets & data but at the same time having a closed monitoring to prevent any malicious intent striking the organization.

  • Data Security & confidentiality was the responsibility of Top Management & Promoters.
  • This data was also accessed from Customer’s Server via RDP where IT of Sand martin had NO control due to non secure nature of RDP. Customer needed close monitor.
  • Employee behavior & productivity was non-measurable resulting into business loss as manpower salaries were almost 55-60% of the monthly recurring cost.


The challenges being faced by the client:

  • Encroachment of Sand martin employee by competitors
  • Staff was stealing the date
  • Employees under Own a Laptop policy were not taking back up and give to admin for auditing the laptop.
  • Data movement did not have any control
  • Acceptable Usage Policy was not Available


BENEFITS THE CUSTOMER GAINED –

With the implementation of inDefend Business, to keep a track on the daily based activities has become easier. This helped to identify the gaps from productivity standpoint. Real-time alerts have played a significant role in taking the immediate actions on major issues. Also, with the help of intelligent analysis done by the tool, the generation of the reports has helped them in presenting a crisp report to the top management of the organization.



  • Knowing where Data is going, Understanding the various channels through which data flows.
  • Educating employees and blocking unwanted activities.
  • Protecting the data from external intruders.
  • Accidental disclosure of sensitive information from employees and partners.
  • Saved from negative exposures, fines and lost revenue associated with data breaches.
  • Protection from proprietary information against security threats caused by enhanced employee mobility and new communication channels.
  • Monitoring inappropriate employee conduct and maintaining forensic data of security events and evidences.
  • Monitoring the productivity of the employees.

Sand martin Consultants



YEAR –2017

SOLUTION PROVIDED –

Cyber Security/Forensics: Data resolve’s inDefend Business



Number of License: 300

CHALLENGES FACED BY THE CUSTOMER –

To have a working environment with a flexibility to access and leverage assets & data but at the same time having a closed monitoring to prevent any malicious intent striking the organization.

  • Data Security & confidentiality was the responsibility of Top Management & Promoters.
  • This data was also accessed from Customer’s Server via RDP where IT of Sand martin had NO control due to non secure nature of RDP. Customer needed close monitor.
  • Employee behavior & productivity was non-measurable resulting into business loss as manpower salaries were almost 55-60% of the monthly recurring cost.


The challenges being faced by the client:

  • Encroachment of Sand martin employee by competitors
  • Staff was stealing the date
  • Employees under Own a Laptop policy were not taking back up and give to admin for auditing the laptop.
  • Data movement did not have any control
  • Acceptable Usage Policy was not Available


BENEFITS THE CUSTOMER GAINED –

With the implementation of inDefend Business, to keep a track on the daily based activities has become easier. This helped to identify the gaps from productivity standpoint. Real-time alerts have played a significant role in taking the immediate actions on major issues. Also, with the help of intelligent analysis done by the tool, the generation of the reports has helped them in presenting a crisp report to the top management of the organization.



  • Knowing where Data is going, Understanding the various channels through which data flows.
  • Educating employees and blocking unwanted activities.
  • Protecting the data from external intruders.
  • Accidental disclosure of sensitive information from employees and partners.
  • Saved from negative exposures, fines and lost revenue associated with data breaches.
  • Protection from proprietary information against security threats caused by enhanced employee mobility and new communication channels.
  • Monitoring inappropriate employee conduct and maintaining forensic data of security events and evidences.
  • Monitoring the productivity of the employees.

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